Senate debates

Thursday, 2 October 2014

Motions

Taxation

12:13 pm

Photo of Christine MilneChristine Milne (Tasmania, Australian Greens) Share this | Hansard source

I move:

That the Senate—

(a) notes:

(i) the recent release of the Who Pays for our Common Wealth? report by Tax Justice Network and United Voice, and

(ii) That the report found that of Australia's largest 200 companies, 29 per cent have an effective tax rate of 10 per cent or less, and 14 per cent have an effective tax rate of 0 per cent;

(b) recognises that instead of targeting the poor, the sick and the young with its cruel budget, the Government could raise billions in revenue if companies paid the full 30 per cent tax rate; and

(c) urges the Government:

(i) to act on corporate tax evasion in Australia immediately, rather than unnecessarily waiting for the G20 in November 2014, and

(ii) introduce legislation that requires Australian corporations to disclose all foreign subsidiaries in their financial statements.

Comments

Peter Rogers
Posted on 22 Oct 2014 9:20 am (Report this comment)

Can you clarify what impact 'noting' this report will have. It may be on the record but this doesn't seem to leverage any commitment from the government to enforce the taxation laws equitably... how can we exert meaningful pressure from the electorate to support this further?